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Six years ago, Neighborhood Hardware paid a contractor $59,000 to expand the store. At that time, the company calculated a net present value of about

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Six years ago, Neighborhood Hardware paid a contractor $59,000 to expand the store. At that time, the company calculated a net present value of about $7.400 for the expansion. Now, the company believes that the investment increased annual cash inflows by $9.400 per year for each of the six years. The company has a desired rate of return of 10% ignoring income tax considerations, what was the net present value actually achieved to this capital investment? PV of S1 and PVA of 5) (Use appropriate factor(s) from the tables provided. Do not found your intermediate calculations. Round your answer to the nearest dollar) Multiple Choice (53,700) (512.083) ($18.069 $40,939

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